VIC has seen average median house prices change by 11.73% which means that Richmond, 3121 has done well for property investors by showing a capital gain of 3.28% over the last year
The five-year average increase in median property values for Richmond,3121 has given property investors a potential capital gain of 57.70% across each of those five years.
Our latest figures would indicate that property sellers in Richmond are currently offering property investors an average price cut of -4.38% below the asking price at the moment.
Often selling an investment property can take time, and in Richmond the average time real estate has been on the market is 30 days.
Over the last year, property investments in Richmond, 3121 have given investors a capital gain of 1.55%. This compares badly with the 6.72% for VIC as a whole.
Across a shorter period, Richmond, 3121 has seen a median price increase of -0.36% over the last quarter.
Richmond, 3121 is offering VIC ‘s 12th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
At number 296 in a list of fastest selling suburbs, Richmond is in the bottom 30% of suburbs in Australia with an average of days on market 64.57 for properties listed there.
Richmond is 157th on a list of best yielding suburbs for rents in VIC with a 4.19% return